The Cost of Waiting: How Delayed Funding Can Derail Your E-commerce Growth
Proactively securing funding is crucial to to avoid missed market opportunities. Learn how Choco Up's seed funding can help your business scale.
Invoice discounting enables you to take out a loan using unpaid invoices as collateral.
The loan amount typically ranges between 80% to 95% of the value of the invoices, which you will pay back (with interest) once you receive payment from your customers.
In this example, you will be given $10,000 x 80% = $8,000 of cash. After you have collected on the invoices, you will pay back $8,000 plus the agreed fee to the lender.
Grow your business with Choco Up
Proactively securing funding is crucial to to avoid missed market opportunities. Learn how Choco Up's seed funding can help your business scale.
In this article, you’ll find the pros and cons of revenue-based financing (RBF), as well as considerations to help you decide whether revenue-based financing is right for your business.